Monday, July 26

labor shortage

Chipotle, Fast Food, labor shortage, Restaurants, Retail

Chipotle’s stores had their most profitable quarter since 2015 despite the chain raising wages

Chipotle just announced high restaurant operating margins from the second quarter of 2021. Margins were up despite the chain raising wages this summer. Chipotle says raising menu prices led to the increased profitability. LoadingSomething is loading. Chipotle just had a hugely successful quarter, with its most profitable period for its stores s...
Economy, Food, Food Prices, grocery prices, labor shortage, Maine, Retail

A Maine restaurant is cutting opening hours because it can’t get enough ingredients to serve diners. It says it’s ordering 8-ounce burgers and receiving 2-ounce patties.

Brady's Restaurant in Boothbay Harbor, Maine, cut opening hours because it can't get enough food. Its owner said that suppliers are hiking prices and substituting some orders. "You order an 8-ounce patty, they'll send you a 2," she said. LoadingSomething is loading. ...
Airstream, Camper van, labor shortage, road travel, road trip, RV, Thor Industries, Transportation, Travel, travel trailer

Airstream’s CEO explains why the company has too many applicants even though it doesn’t put out job ads amid a hiring spree

Airstream is ramping up hiring and production efforts amid increasing demand for its RVs. The company has received more applications than it can process. Bob Wheeler, CEO and president of Airstream, explains how it's been able to attract talent amid the labor shortage. See more stories on Insider's business page. Airstream has been ramping up production efforts to accommodate the booming demand for its travel trailers and camper vans. And with this boost in production comes the need for more workers.But unlike other retailers and fast food companies that have been struggling to hire amid the US labor shortage, Airstream is having n...
Economy, Employment, Jobs, labor shortage, Restaurants, Retail, Weekend BI UK, Work

Some restaurants are temporarily closing because they can’t find enough workers. One said diners have gotten ruder amid the labor shortage and even made staff cry.

Some restaurants are temporarily closing or cutting their hours because of the labor shortage. One opened for an hour less each day after staffing fell by nearly 50% compared with normal years. A third of former hospitality workers said in a Joblist poll that they won't return to the industry. See more stories on Insider's business page. Some restaurants are cutting down their opening hours or temporarily closing for days on end because they simply can't find enough workers to serve diners, amid the huge labor shortage hitting the hospitality industry.One even shut down for a day after rude diners swore at staff and made them cry.C...
discount stores, Dollar General, Dollar Store, grocery, Hiring, labor shortage, Retail, Workers

Dollar General plans to hire 50,000 workers in less than 2 months as the labor shortage intensifies and workers rage-quit for better-paying jobs

Dollar General has embarked on a hiring spree to recruit 50,000 workers within a few months. The discount chain is one of many retail businesses to be hard hit by the labor shortage. Some of its store workers have been rage-quitting jobs over working conditions and low pay. LoadingSomething is loading. ...
Fast Food, Hiring, labor shortage, rage quitting, Restaurants, Retail, Workers

A California taco restaurant posted a sign blaming government handouts for slow service and a staff shortage

A California taco restaurant blamed a staff shortage and slow service on "state handouts." Some businesses are blaming workers and government handouts for the labor shortage. Others say the solution is simply to pay workers more. See more stories on Insider's business page. A taqueria in California posted a sign in its window blaming government handouts for a staff shortage, and asked customers to be patient with slow service. "Sadly, due to government and state handouts no one wants to work anymore. Therefore, we are short-staffed," the sign at Taco Loco restaurant in Folsom, California said, per CBS Sacramento."Please be patient ...
Economy, Employment, Fast Food, Jobs, labor shortage, Papa John's, restaurant, Retail

Papa John’s is giving its pizza makers bonuses of up to $400, as restaurants cling onto staff in the labor shortage

Papa John's is handing out bonuses of up to $400 to many of its employees. Existing staff can get up to $400 in increments, and $50 for referring a new hire. Staff at corporate-owned restaurants are eligible. It didn't say how it would decide exact bonus amounts. LoadingSomething is loading. ...
Economy, JOLTS, Labor Market, labor shortage, Markets, Minimum Wage, quit job, Quits, Quitting, Unemployment

2 ways jobs and pay didn’t make sense before the pandemic that are now’unwinding’, according to a top economist

Right now, a whole lot of jobs are open — and a whole bunch of workers are quitting. But the labor market being weird is nothing new, according to economist William Spriggs. The current shifts could be an'unwinding' of more than a decade of declining wages and an aging workforce. LoadingSomething is loading. ...
Central Bank, Economic Recovery, Economy, Fed, Federal Reserve, Labor Market, labor shortage, Markets, Supply Shortage, Supply shortages

The Fed is bummed out by all the supply and labor shortages, too

The US is recovering well, but supply constraints and worker shortages present obstacles, the Fed said. Product shortages can provide "more lasting but likely still temporary upward pressure" on prices. New technology and retirements could keep the labor market from returning to its pre-crisis norm, the Fed added. See more stories on Insider's business page. Vaccination may be keeping COVID-19 at bay, but the pandemic's fallout lives on in supply shortages and labor scarcity, the Federal Reserve said Friday.March stimulus, vaccination, and the revers...
Construction, Economy, Home Improvement, Home Improvements, labor shortage, Real Estate

The construction industry’s labor shortage forced one business owner to raise hourly wages to $25 and pay $250 bonuses for working at least 30 days — and he’s even started offering health insurance

The pandemic sparked a wave of home improvements but shrank the construction workforce. Companies can't find enough skilled construction workers to meet the demand. This is leading some businesses to increase wages and benefits to attract applicants. Visit Insider's homepage for more stories. Matthew Messer typically manages his business from an office, but on Thursday, he was on a customer's roof re-installing their solar panel system.This is work his crews would normally handle. But lately, he's had trouble finding enough workers who can do the job, he said."The single biggest thing holding back the growth in my business is bring...